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Interest on Lawyers' Trust Accounts (IOLTA) is a method of raising money for charitable purposes, primarily the provision of civil legal services to indigent persons, through the use of interest earned on certain lawyer trust accounts.
Services. U.S. Trust offers resources and customized services to help meet clients' wealth structuring, investment management, banking and credit needs.
Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. The rules governing trust accounts just changed.
A custodial account is a financial account (such as a bank account, a trust fund or a brokerage account) set up for the benefit of a beneficiary, and administered by a responsible person, known as a legal guardian or custodian, who has a fiduciary obligation to the beneficiary.
How Can a Trustee Withdraw Money From a Trust? When a trust is created, there usually has to be some mechanism that allows the trustee to take money out when needed.
When you set up a trust bank account, the bank acts as the custodian of the account. The trustee still retains control of the trust's management, though.